Seeking Alpha

PTC acquires Internet of Things platform creator ThingWorx

  • PTC (PTC +0.6%) acquires Internet of Things platform creator ThingWorx for $112M and a potential earn-out of $18M.
  • The acquisition is expected to add more than $10M in revenue in the coming 12 months, with $5M-$7M recognized in FY2014. FY2014 EPS guidance of $2-$2.10 is unchanged.
  • PR, conference call at 8:30am ET tomorrow
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector